Is there a fee for releasing the mortgage after the car loan is paid off?

[VonAnna]

There is no fee for releasing the mortgage after the car loan is paid off. After the car loan is fully repaid, you can go to the vehicle management office where the mortgage was registered to complete the release of the mortgage registration with the following materials: the identity certificates of the vehicle owner and the mortgagee, the vehicle registration certificate, the main contract and mortgage contract legally concluded by the vehicle owner and the mortgagee, etc. It is important to note: 1. The car owner must be present in person when releasing the mortgage; 2. A clearance certificate issued by the creditor must be carried. Car mortgage release refers to the cancellation of the mortgage registration procedures for the mortgaged vehicle at the vehicle management office, which means that after the mortgage is released, the car can be freely traded, as a car with a mortgage record cannot be freely traded or transferred.